Leasing benefits

After issuing leasing act number 95 of 1995 which was amended by law
No. 16 of 2001, gives the leasing various advantages, including the following:

• Tax savings: The leasing commitment is out of the balance sheet.
• Accounting simplicity.
• Cash flow increase.
• Saves equities and improve ROE.
• Lower life cycle cost.
• Less risk in uncertain economic times.
• At the end of the contract lessee can buy the equipment for the residual
value
mentioned in the contract (ranging 1EGP up to 10% of the
initial amount).